[2016-03-11] Bank of England working on Bitcoin alternative RSCoin

[shane]

The Bank of England has partnered with researchers at University College London to help it create a centrally controlled digital currency.

The newly-developed RSCoin uses cryptography to combat counterfeiting, and unlike the technology underpinning Bitcoin, the blockchain, RSCoin is controlled by a central body.

Blockchain is distributed ledger technology where a network of computers record transactions. Each computer must approve a transaction before it is recorded in a new "block".

Read more: http://www.itnews.com.au/news/bank-of-england-working-on-bitcoin-alternative-rscoin-416779#ixzz42YUmX0Sz

[jaipagare]

Yeah! I saw that news on internet. Is this currency mineable like others for example bitcoin? I am much interested.

Watching Thread

[aso118]

Yeah! I saw that news on internet. Is this currency mineable like others for example bitcoin? I am much interested.

Watching Thread

This was discussed a couple of days back. It is nothing like Bitcoin.
You can have a look at this thread for more information.
https://bitcointalk.org/index.php?topic=1394205.0

[SEOKernow]

  This has got me really excited cannot wait to see how it pans out, pardden the pun